A look at some recent surveys and reports dealing with risk and compliance issues. Send surveys and reports to wsjrisk@wsj.com.

Compliance Lagging: The fund management industry’s “best practice” of spending 5% of revenues on compliance is being followed by just 6% of the companies surveyed on their compliance practices by Cipperman Compliance Services, which provides outsourced compliance officers to the sector. The survey found 57% of the asset managers questioned said they either didn’t have a compliance committee or were not sure when it met. Among broker dealers, that number rose to 83%. Half the broker-dealers said they were unaware of recent SEC investigations into companies in their sector, such as SAC Capital and Galleon Capital.

“Investing in compliance protects the franchise and preserves assets under management. We view compliance as the firm’s defense,” because failing to follow industry best practices could lead to claims a firm didn’t have a culture of compliance, said Cipperman CEO Todd Cipperman. “Firms need to show their commitment by dedicating the necessary resources. Simply naming one compliance officer is not a compliance program.”

Not Afraid: A survey of self-identified hackers at the Black Hat 2014 conference earlier this month found 86% said they have no fears their hacking activities will result in repercussions against them. More than half the hackers said they were motivated by fun and thrill seeking, with 18% saying they sought financial gain.

Information Responsibility: Twenty-eight percent of organizations surveyed said they delegate their information governance accountability to one person, according to a report from information governance services firm Viewpointe and the Information Governance Initiative.

Don’t Fret Reforms: A report from PwC’s Risk Assurance practice outlines the challenges business may face as they try to come into compliance with proposed changes to the EU’s Data Protection Directive. While there may be difficulties in meeting the new requirements, the report says the changes can benefit businesses by potentially lowering the cost of data protection compliance.

Didn’t Know That: Only one-third of executives at smaller middle-market companies said they were familiar with the key elements of the JOBS Act, parts of which were designed to benefit their organizations, said a survey of middle market executives by accounting firm CohnReznick.

AML Risk Rankings: Iran is once again the country posing the largest money-laundering risk, taking the spot back from Afghanistan in the latest edition of the Basel AML Index. Afghanistan, which topped the index in 2013, came in second for 2014.

Bitcoin Targeted: In its threat report for the second quarter of 2014, security firm Kaspersky Lab said 22% of all malware attacks aimed at stealing people’s money were targeted at bitcoin.

Rogues Among Us: Nearly nine in 10 workers surveyed by IT services firm Intermedia and Osterman Research said they retained access to sensitive corporate apps from a former employer, with 45% saying they still could access confidential or highly confidential information. Half said they’ve logged into a former employer’s systems.

Under the ASU, inventory is “measured at the lower of cost and net realizable value,” which eliminates the need to determine replacement cost and evaluate whether it is above the ceiling net realizable value or below the floor. The FASB did not amend other guidance on measuring inventory, such as the LIFO, FIFO and average cost method. In addition to reducing complexity, the proposal would make U.S. GAAP more comparable to IFRS.

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Risk & Compliance provides news and commentary to corporate executives and others who need to understand, monitor and control the many risks that can tarnish brands, distract management and harm investors. Its content spans governance, risk and compliance and includes analysis of the significance of laws and regulations, the risks inherent in global expansion and the protective moves taken by companies.